## 

## 

|ObjectivesandActivit|ies||
|---|---|---|
||SORPreference||
|Summaryofthepurposesof<br>thecharity as set out inits<br>governing document|Para'1.17|Theadvancement of education by acquiring,<br>housing and exhibiting, conserving, restoring<br>and repairing objects andcollectionsofan|
|||educational nature and by establishing,|
|||acquiring, managing and maintaining|
|||museums,galleries,libraries andother|
|||places wheresuchpurposes maybe|
|||achieved andwhere educationand|
|||educationalresearch and enquiry and the|
|||exchange and dissemination of relevant|
|||views and information mav haooen.|
|Summary ofthemain<br>activities in relation to those<br>purposes forthepublic|Para1.17and<br>1.19|TheMoP aimstoconserve heritage artefacts<br>(especiallyengineeringrelated)tohelp<br>educate visitors (especiallyyoungpeopte)|
|benefit, in particular, the<br>activities, projectsorservices||about science, technology, engineering and<br>mathematics (STEM) and broaden this to|
|identifiedintheaccounts.||include arts (STEAM) andtoserveourlocal|
|||community.Thisis achieved throughthree|
|||main channels,firstlyconservationofthe|
|||Langford steam pumping station andthe|
|||power related museum based there:|
|||secondly through educationaland|
|||promotional events, visits and presentations:|
|||thirdlyinvolvement withthecommunity|
|||providing a social venue and services to the|
|||local communitv.|
|Statement confirming<br>whether thetrusteeshave|Para1.18|The Trustees confirmtheycomplywiththe<br>requirements oftheCharitiesActand itsown|
|had regard to the guidance<br>issuedbytheCharity||Governancedocument.ln settingtheir<br>objectives and planningtheiractivitiesthe|
|Commission on public||Trusteeshave given careful consideration to|
|benefit||theCharity Commission'sguidanceon|
|||public benefit.|



## 



|||ffindertakesocial|
|---|---|---|
||Para1.38|investment|
|Policy on socialinvestment|||
|includingprogram related|||
|investment|||
|||WAacknowledgethecontribution madeby|
|ContributionmadebY<br>volunteers|Para1.38|our volunteerswithout whomtheMuseum<br>wouldnot continueto exist.Many hours<br>wereputinduringthe yearwithoverall<br>membership numbersremaining static,|
|||howeveritisrecognisedthatimprovements|
|||toinduction,management an support are|
|||required andpractices and proceduresare|
|||underreview.|
|Other|||



## 

|AchievementsandPe|rformance||
|---|---|---|
||SORPreference||
|||TheMuseum has beenseverely restrictedin|
|||its opening during thefinancialyear due to|
|||the COVID19pandemic andtheimposed|
|Summary ofthemain<br>achievementsofthecharitY,<br>identifying the differencethe<br>charity'sworkhas madeto<br>thecircumstancesofits|Para1.20|Governmentrestrictions.<br>Thepandemic impacton schools has meant<br>thattheeducation deliveryto thestudentsin<br>support of STEAM havebeen disrupted with<br>onlyafew schoolsbeingabletoattendthe|
|beneficiaries and anywider||museuminsuppottoftheirkey stage|
|benefitstosociety asa||activities.|
|whole.|||
|||Thesocial engagementthrough the|
|||volunteernetwork has continuedwhen|
|||possible and has successfully managedthe|
|||reengage withthemajorityofthe volunteers|
|||upon reopening.|
|||Collaboration continued withtheLocal|
|||Council andotherindependent museumin|
|||pooling assets and assisting in reopening|
|||andproviding new exhibitions are being|
|||usedatmultiple sitesacrossEssex.|



## 

|Youmav choosetoinclude|furtherstateme|ntswhererelevant about:|
|---|---|---|
|||Abidwassubmitted totheNational Lottery|
|||Heritage Fundforimprovements tothe|
|Achievementsagainst|Para1.41|facilitiesandtocreateanimproved|
|objectives set||educationalplatformsupported by strong<br>incomegenerationactivities.TheMuseum|
|||wassuccessfulinits application and was|
|||awarded thefundinMarch.However the|
|||museum has been unabletoaccept thefund|
|||todate due two<br>issues and|





|||these arestilltoberesolved.TheTrustee|
|---|---|---|
|||due diligence reviewin ongoing and|
|||ensuring thattheviabilityofthemuseumis|
|||notcompromisedintheacceptance of grant.|
|||Other objectives setatthebeginningofthe|
|||yearhave beenseverelyimpactedbythe|
|||COVID19pandemic,butithas been|
|||successfulits reopeningactivities inlinewith|
|||theGovernmentquidelines.|
|||Thefundraising activitieshave been|
|||severely impactedbytheCOVID19|
|Performanceoffundraising<br>activities against objectives<br>set|Para1.41|pandemic and have only achieved less than<br>507oofitstarget.Supportbeen received<br>throughgrantsfromACEandthelocal|
|||counciltopromotethemuseumuPon|
|||openingandthishas beensuccessfulaswe|
|||moveintothenew financialYear.|
|||Funds not immediately requiredfor|
|||operationsare heldinaninterest bearing|
|Investmentperformance|Para1.4'l|account.Aperiodicreviewofalternative|
|against objectives||accountstodetermine ifa better return can<br>be obtained is undertaken.|
|Other|||



## 

|Review ofthecharity's|Para1.21|Thefinancialpositionatyearend showsan|
|---|---|---|
|financialposition attheend||excessofincome over expenditure,although|
|oftheperiod||reducedfromprevious years.|
|||Due totheMuseum closure and restrictive|
|||operatingnumbers imposedbythe|
|||Governmentlockdown rules,fundingraising|
|||achieved only 50%oftargetbudget,butstaff|
|||costswerereduced through thegovernment|
|||furlongsupport andgrants.Visitornumbers|
|||werealsoonly30% of expected, although|
|||membershipnumbers remain consistent.|
|||Howeveradditionalcosts have been|
|||incurred when equipment was|
|||recommissioned, requiring additional capital|
|||investment.Capital reserves remainatthe|
|||samelevels aspreviousyearsdue tothe|
|||needtohavefundsavailable forthelottery|
|||fundmatchedfundingintheeventof|
|||acceptingthegrant.|
|Statement explainingthe|Para1.22|TheBoard has maintained a cash based|
|policyforholding reserves||reserveto coverunseen eventualitiesand|
|statino whvthev areheld||meetfutureinvestment commitments.|
|Amount ofreserves held|Para1.22|€60.000|
|Reasonsforholding zero|Para'l..22|Not applicable|
|reserves|||





|Dilalls<br>ortundmateriallYin|Not applicable|
|---|---|
|ExplanationofanY<br>uncertaintiesaboutthe<br>charity continuingasagoing<br>concern|charityremainsagoingconcern with<br>clearplans for thefuture.Therisk<br>managementprocess established ensures<br>that withinthelimitsofthereservesand<br>budgetaryprocessesthecharity can|



## 

|Additionalinforma<br>   t<br><br><br><br>|||
|---|---|---|
|**Y**ou**ma**v**c**h**oose**o<br>OU<br>y<br>n<br>re||-he<br>Membersnips& Donations (11%)<br>Visitor'sadmissions(7%)|
|ThecharitY'sPrinciPal<br>sourcesoffunds(including<br>any fundraising)|Para1.47|Events andvenuehire (33%)<br>Cateringfranchise(3%)<br>SponsorshiP-NWG(12o/o)<br>Grants(32Yo)|
|||School/Groupvisits(<1%)|
|||ptans tor tfrefutureinvestmentinsite|
|lnvestmentPolicYand<br>objectives includinganY<br>socialinvestmentPolicY|Para'1.46|facilitiestoimprovethe educational and<br>community engagementaspects dictatethat<br>atpresent anysurplusfundsare held on<br>short termdePosit.|
|adopted|||
|||Theket?iskrsthelossofvaluableexpertise|
|||in an ageing volunteerworkforce.|
|AdescriptionofthePrinciPal<br>risks facingthecharitY|Para1.46|AtTrusteelevelareview has identified the<br>appropriateskillsrequired to takethe<br>museum forward.|
|||Financiallythemainrisk remainsthe|
|||dependenceonlargeeventincomes and|
|||theirimpactfromexternaleffects such as|
|||weather.|
|||Theimpactofthepandemic isbeing|
|||incorporated intothebusinesscontinuity|
|||olans|
|Other|||



## 

|Description of charity's|||
|---|---|---|
|trusts:|||
|Typeof governing document|Para1.25|Memorandum andArticlesofAssociation|
|(tr"ustdeed,roval eharter)|||
|Howisthecharity|Para 1.25|Company limitedbyguarantee|
|constituted?|||
|(eg unincorporated|||
|assocration. CIO)|||
|Trusteeselection methods|Pal:a1.25|Trusteesare appointedbythemembers|
|including details of any||after meeting selection criteriadefinedbythe|
|constitutionalprovisions e.g.||boardoftrusteesandproposedbytheboard|
|electiontopostornameof||atthe AGM.|
|any person or body entitled||Thelandlordofthemuseum site and|
|toappoint one or more||principal sponsorofthemuseum hasthe|
|trustees||riqhttonominate a representativeand|





|Additional information(optional)|Additional information(optional)||
|---|---|---|
|Y<br>choosetoincludefurtherstatements||whererelevant about:|
|||Aprocedure is inplace fortheinductionof|
|||newTrusteesandaPProPriate|
|Policies andprocedures<br>adopted fortheinductionand<br>trainingoftrustees|Para'l.5'l|documentationprovided tothemaswellas<br>training.AllnewTrusteesarerequired to<br>sign theTrusteeDeclarationForm and are<br>annually requiredtoconfirmthey arenot|
|||automaticallydisqualifiedbyeventsoutside|
|||theknowledqeofthecharitY.|
|||TheBoard ofTrusteeshas overall|
|||responsibility forthe directionand operation|
|The charity'sorganisational<br>structure andanYwider|Para1.51|ofthecharity;ithasa management<br>committeetoundertake alloperational|
|network with whichthe||responsibilities and hasestablisheda|
|charityworks||fundingcommitteetomanage finaicial<br>viability going forward.|
|||EssexandSuffolkWater(partofthe|
|||NorthumbrianWaterGrouP)are the|
|Relationshipwith anyrelated|Para1.51|landlords andprincipalsponsorofthe|
|parties||museum.|
|Other|||



## 

||Reference and|Adminis|trative details|trative details||
|---|---|---|---|---|---|
||Charity name||MuseumofPower|||
||Othernamethe charityuses||MoP|||
||Reoistered charitv number||1087459|||
||Charity'sprincipal address||Hatfield Road, Langford,Maldon,Essex||CMg6QA|
|m|es ofthe charity trusteeswho||managethe|charity||
||Trusteename|Office(if|any)|Datesacted ifnotfor whole<br>vear|Nameofpenson{orbody)entitled<br>to aoooint trustee(ifany)|
|1|Roger Griffin|Chairman|||MembersoftheCharity|
|2|RichardWaylen|Finance|Director||Ditto|
|3|MarkWeale|Safety&lncome|||Ditto|
|4|JohnLowe|Honorary President|||Ditto|
|5|GrahamWood|Gurator|||Ditto|
|6|MarkGallagher|Estates and<br>Facilities|||Ditto|





## 

|Names andad|dressesof adviser|s (Optionalinformation)|
|---|---|---|
|Typeof|Name|Address|
|adviser|||
|Accountant|P.F.Michael LLP|69-71EastStreet,Tollesbury,Maldon, EssexCMg8QE|
|Solicitors|BirkettsLLP|Brierly Place, New LondonRoad, Chelmsford CM2OAP|



## 

## 



## 





## 

## 



## 

||Page||
|---|---|---|
|Company !nformation||1|
|Directors Report||2|
|Accountants Report||3|
|Profit and LossAccount||4|
|Balance Sheet||5|
|Notesto the Financial Statements||6|
|Trading and Profit and LossAccount||11|





## 

## 

## 



## 

## 

## 

## 




## 

## 



## 

## 

||2021|2020|
|---|---|---|
||f|t|
|Turnover|90,875|128,710|
|Cost ofSales|10,637|31,364|
|Gross Profit|80,238|97,346|
|Administrative expenses|75,217|90,036|
|Other lncome|||
|Operating Profit|5,021|7,310|
|lnterest receivable|220|873|
|Profit on Ordinaryactivitiesbeforetaxation|5,241|8,183|
|Profit forthefinancial year after taxation|5,241|8,183|
|Extraordinary items after taxation|||
|ProfiU(Loss)for thefinancialyear|5,241|8,183|





## 

## 

|BALANCESHEET<br>Asat31May2021|||||
|---|---|---|---|---|
|Notes||2021<br>e||2020<br>f|
|FIXED ASSETS|||||
|TangibleAssets||56,078||s0,302|
|CURRENTASSETS|||||
|Stocks|395||302||
|Debtors|5,490||3,388||
|Cash at bankandin hand|253,924||||
||259,809||||
|GREDITORS|||||
|Amountsfallingduewithinone|36,029||15,554||
|year|||||
|NET CURRENTASSETS||223,780||186,677|
|TOTAL ASSETSLESSCURRENT||279,858||236,979|
|LIABILITIES|||||
|ACCRUALS ANDDEFERRED||111,078||73,440|
|INCOME|||||
|NET ASSETS||168,780||163,539|
|GAPITAL ANDRESERVES|||||
|Profit and lossaccount||168,780||163,539|
|||168,780||163,539|






## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

|TANGIBLEFIXEDASSETS||||
|---|---|---|---|
||lmprovementsPlant&<br>Fixtures&<br>toProjrertyMachineryFittinss<br>f.L||Totals<br>f|
|COST:||||
|At1June202O<br>Additions<br>Disposals|51,595<br>-|41,729<br>3,908<br>9,880<br>(4,480)(1,593)|97,232<br>9,880<br>(6,073)|
|At31May 2021|51,595|47,129<br>2,315||
|DEPRECIATION:||||
|At1June2020<br>Chargefor theyear<br>Disposals|36,622<br>1,911<br>38,533|8,179<br>2,129<br> <br>290<br>155<br>(2,s44)(1,3811<br>5,525<br>903||
|NET BOOK VALUE||||
|Al31May 2021|_73,062|41,604<br>1,412|56,078|
|At31May2O2O|17,222|34,051<br>1,841|53,114|



## 



## 

## 

|ACGRUALSANDDEFERREDINGOME|||
|---|---|---|
||2021|2020|
||f€||
|Heritage EngineeringNetwork|1,477|1,621|
|Resilience/Living WellFund|2,475|2,475|
|ACEFund|18,395||
|EducationFund|4,380|10,531|
|Heritage LotteryFund|38,134|19,344|
|MichaelClarkFund(restricted)|50,000|50,000|
||114,861|83,971|



## 

## 

|The grantswerenot spentinfu|ll during the year.|A break|
|---|---|---|
|||t|
|LIVINGWELL FUND|||
|Opening balance||2475|
|lncome||0|
|Expenditure||0|
|Balanceatyearend.|||
|EDUCATION FUND|||
|Opening balance|||
|Transfer to NLHF|4400||
||626||
||850||
|Expenditure|||
|Balanceatyearend|||



## 



## 

## 

|TO THEFINANCIALSTATEMENTS<br>rended31 May2O21<br>RESTRICTED FUNDS(cont.d)|||
|---|---|---|
|RESILIENCEFUND|||
|Opening balance||-145|
|lncome||6000|
|Expenditure||-5,855|
|Closing balance||0|
|HERITAGE LOTTERYFUND|||
|GrantOpening Balance|-|2,069|
|Grant income||5,429|
|Grant Expenditure||3,360|
|Grant ClosingBalance||0|
|Matched Funding Opening balance||21,414|
|Matched Funding lncome||16,721|
|Matched Funding Expenditure|||
|Matched Funding Glosig Balance||38,135|
|ACEFUND|||
|lncome||21,970|
|Expenditure||(3,575)|
|Closing Balance||18,395|



## 

|Additionally the museumhasaboardapp<br>oft60,000.|<br>roved policy of retai|
|---|---|
||f|
|Michael ClarkFund|50,000|
|Heritage LotteryFund|38,134|
|EducationFund|4,380|
|ACEFund|18,395|
|LivingWellFund|2,475|
|Heritage Engineering Network|1,477|
||114,861|



## 



## 

## 

## 

|||2021|||2020|
|---|---|---|---|---|---|
|Turnover|E|€||E|L|
|Membershipfees|2,144|||1,998||
|Donations|7,779|||6,082||
|VisitorsFee|5,572|||12,275||
|TeaRooms|2,500|||2,500||
|Events lncome|27,874|||30,600||
|Shop Sales|925|||2,786||
|TrainRides|1,123|||3,165||
|NWL Sponsorship|12,000|||12,000||
|Grants|29,411|||26,108||
|Camping Fees|1,001|||2,231||
|Sale of scrap metal||||180||
|School Trips/Groups|461|||5,666||
|VolunteerFund||||591||
|Hire of Venue|85|||315||
|EventslncomeT&G||||22,213||
|||90,875|||128,710|
|Cost of Sales||||||
|Opening stock|302|||632||
|Shop Purchases|284|||725||
|CostofEvents|9,490|||17,914||
|TrainExpenses|908|||2,300||
|Costs Group & School Trips|48|||2,631||
|Event Expenses (T&G)||||7,410||
|Costs ofVenueHire||||54||
|||||31,666||
|Closing stock|||-|302||
|||10,637|||31,364|
|GROSS PROFIT||80,238|||97,346|
|Other income||||||
|lnterest Receivable||220|||873|
|||80,458|||98,219|



|Expenditure|||
|---|---|---|
|TrainingExpenses|||
|HeatingOil||591|
|lnsurance<br>VolunteerExpenses|5,804<br>167|5,495<br>1,551|
|Telephone|681|661|
||6,652|8,298|
||Page11||





## 

||ee|2021||2020<br>t|
|---|---|---|---|---|
|Broughtfonruard|6652|80,458|8298|98,219|
|Printingstationery/newsl etter|390||2809||
|Advertising|0||3111||
|General Repairs & Plant|4266||5840||
|Health&Safety|1104||618||
|Project expenses (rest)|275||178||
|Household & cleaning|820||1115||
|Lilleshall running costs|14004||3154||
|Management Consultancyfees|36793||55026||
|Nest<br>tcr|2672<br>58||0<br>18||
|Subscriptions and donations|235||322||
|Tea room running costs|840||2,109||
|Fundraising/Marketing|145||1,000||
|Accountancy|2,082||1,650||
|LegalFees|85||1,213||
|||70,421||86,461|
|Finance Costs|||||
|Credit card||692||764|
|Depreciation|||||
|Improvementstoproperly|1911||2249||
|Plant and machinery|290||501||
|Fixtures and fittings|155||62||
|||2356||2812|
|Losson disposaloffixed assets|||||
|Plant and Machinery||1536|||
|Fixtures & Fittings||212|||
|NET PROFIT/(LOSS)||5,241||8,182|